$BTC
BTC Update – 8 Feb
On 31 Jan, BTC needed a weekly and monthly close above 84K to 85K.
That did not happen. A major dump was expected, and price moved exactly that way.
BTC was near 83K to 82.5K.
Downside of almost 32.8 percent, and 65K zone was reached within a week.
Now BTC is trading around 71,300.
Trend on weekly and lower time frames is bearish.
Until 1H or 4H closes above 79,600 to 80,000, no trend change.
Price is inside a supply zone (71,750 to 72,000).
A move to 74K to 78K is possible, but it is only a pullback, not bullish.
Weekly close on 9 Feb at 5 AM. Be careful.
Next targets: 55K to 53K
Worst case: 49K to 38,600
Not financial advice. Do your own research.
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$BTC BTC Update – 8 Feb
31 Jan ko bataya gaya tha ke BTC ke liye weekly aur monthly closing 84K se 85K ke upar zaroori hai.
Yeh nahi ho saki, is liye strong dump expected tha, aur price ne waisa hi move diya.
BTC us waqt 83K se 82.5K ke aas paas tha.
Lagbhag 32.8 percent downside aaya, aur 65K zone ek haftay mein touch ho gaya.
Abhi BTC 71,300 ke qareeb trade kar raha hai.
Weekly aur lower time frames par trend bearish hai.
Jab tak 1H ya 4H par 79,600 se 80,000 ke upar close nahi hota, trend change nahi hoga.
Price supply zone (71,750 se 72,000) mein hai.
74K se 78K tak move ho sakta hai, lekin yeh bullish trend nahi, sirf pullback hai.
9 Feb subah 5 baje weekly close hai. Careful rahen.
Next targets: 55K se 53K
Worst case: 49K se 38,600
Yeh financial advice nahi. Apni research khud karein.